I'm butting in like usual. Oh well, ....
Wilshire 4500 hit a new all time high today. This index is the largest 4500 out of 5000.
So it excludes the biggest 500, or the SP500. So, midcap to smallcap. New ATH.
FB, RIMM, IBM popping. Some speculative juices starting to flow. Starting to flow.
Well, I'm long and have been for a little while. Probably will stay overbought for a while.
But, have to keep an eye on the II sentiment survey. 52% bulls. Tomorrow's update...??
If I recall, in 1987, we went to somewhere between 65% and 70% bulls, but
that is an extreme. Be really, really good to see no movement tomorrow. Stay around 52%,
maybe just up to 53%. Hopefully.
If you or anyone wants to make some money easily, just keep buying FB calls on weakness
and selling them on strength. Over and over. Of course, I don't eat my own cooking.
I like to figure the stuff out. Making the money is not the fun part. I like for other people
to make money. Makes them happy. Anyway, FB. Just buy calls on FB weakness and
sell on FB strength. For the next 10 years. See what you end up with.
Rydex Nova/Ursa is not popping. That says to me we have a nice market pop that has NOT
yet begun. ONce that happens, might be time for some correcting. I figure
basically up until may sometime, then a summer correction of some size. |
